The euro is expected to remain steady ahead of the ECB rate decision, with markets anticipating a 25 basis point cut due to weakened eurozone growth and stabilizing inflation.
Concerns about recession risks among policymakers raise debates on the pace of future rate cuts, which could impact the euro's attractiveness to investors seeking higher returns.
Although a potential rate cut might weigh on the euro, European bond yields ticked higher today, showing a complex market reaction ahead of the ECB decision.
Market participants are closely watching U.S. data post-ECB decision, especially the expected unchanged PPI figure, as lower-than-expected results could strengthen the euro against the dollar.
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